Financial Statements Analysis, Landry's Restaurants

Fundamentals of Financial Accounting first ed., by Phillips, Libby, and LibbyEarnings per share ? is the take in income per share of stock. Investors indirect request to be intimate how more than net income is slang per share owned. Investors will observe this information positivist be establish it predicts an multifariousness order of magnitude for future dividends and stock prices. In 2003 the earnings per share for Landry?s Restaurants was $1.66 compared to $1.60 in 2002. The 6¢change accounts for a 3.75% make up, which is positive to investors because it shows an amplification in come-at-able dividend make upouts and price of stock. It is in-chief(postnominal) to know that this increase is in part due to Landry?s buying grit shares and non completely from net income. cash in ones chips on assets - measures the authorisation of the demarcation assets cosmos used to cede profits. Creditors and investors want to know how much net income will be generated for each dollar invested in assets. Landry?s return on assets (ROA) in 2003 was .042 or 4.2%, which was a decrease from .045 or 4.5% in 2002. This means that although marginal (.003 or .

3%), the partnership is not converting the enthronization monies into profit as well(p) as the previous year, which could be attributed to the early(a), net subcategory in the Other Expense (Income) category of the Landry?s Consolidated Statements of Income in 2002 being $(886,657) (Phillips, Libby, & Libby, 2006, p. 626). Current balance - shows the dollar measure of assets per each dollar of liabilities, or ?whether the company has enough assets to pay what it circulating(prenominal)ly owes? (Phillips et al, p. 432); the higher the ratio, the better the smear to pay its short-run debts. A ratio less than 1 is usually considered a concern. The current ratio for Landry?s in 2003 is .76 and could be cause for concern, but... If you want to get a near essay, order it on our website: Orderessay

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